Anglo American (LON:AAL) had its price objective raised by stock analysts at Deutsche Bank from GBX 1,400 ($18.99) to GBX 1,550 ($21.02) in a note issued to investors on Monday. The firm presently has a “hold” rating on the mining company’s stock. Deutsche Bank’s price objective suggests a potential downside of 10.36% from the stock’s current price.
AAL has been the subject of a number of other reports. Jefferies Group raised Anglo American to a “buy” rating and lifted their price objective for the company from GBX 1,500 ($20.34) to GBX 2,000 ($27.12) in a report on Friday, January 5th. Macquarie reissued a “neutral” rating and set a GBX 1,330 ($18.04) price objective on shares of Anglo American in a report on Wednesday, October 18th. Credit Suisse Group lifted their price objective on Anglo American from GBX 1,550 ($21.02) to GBX 1,580 ($21.43) and gave the company a “neutral” rating in a report on Tuesday, January 2nd. Barclays lifted their price objective on Anglo American from GBX 1,270 ($17.22) to GBX 1,550 ($21.02) and gave the company an “equal weight” rating in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,640 ($22.24) price objective on shares of Anglo American in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,495.83 ($20.29).
Shares of Anglo American (AAL) opened at GBX 1,729.20 ($23.45) on Monday. The firm has a market cap of $24,470.00 and a price-to-earnings ratio of 815.66. Anglo American has a 52 week low of GBX 950.10 ($12.88) and a 52 week high of GBX 1,789 ($24.26).
In other news, insider Philip R. Hampton acquired 666 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was purchased at an average cost of GBX 1,478 ($20.04) per share, with a total value of £9,843.48 ($13,348.90). Insiders have acquired a total of 687 shares of company stock valued at $1,014,661 over the last three months.
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Anglo American Company Profile
Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other.
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